“国际经济学（英）”课程模拟试卷(B卷)
课程名称International Economics试卷代码0020259考核方式考试
I. Explain the following terms (20 points. Each worth 4 points.)
1. Increasing opportunity cost
2. Factor– price equalization theorem
3. Immiserizing growth
4. Currency swaps
5. Absolute purchasing-power parity theory
II. Multiple Choice (40 Points. Each is worth 2points.)
1. According to the law of comparative advantage, if one nation is less efficient than the other nation in the production of both commodities, the first nation should specialize in the production of the commodity in which its _____ is smaller and imports the commodity of its ______.()
A. comparative advantage, absolute advantage
B. absolute advantage, comparative advantage
C. absolute advantage, comparative disadvantage
D. absolute disadvantage, comparative disadvantage
2. With increasing costs, even if two nations have identical production possibility frontier, there will still be a basis for mutually beneficial trade if tastes in the two nations differ. The nation with a relatively larger demand for a commodity will have a ( ) in the commodity.
A. comparative advantage B. comparative disadvantage
C. absolute advantage D. absolute disadvantage
3. In a world of two commodities (X and Y) and two factors (labor and capital), we say that commodity X is ( ) if the capital-labor ratio (K/L) used in the production of Y is greater than K/L used in the production of X.
A.K-intensive B. K abundant C. L-intensive D. L abundant
4. According to the specific-factor model, trade will benefit the immobile factors specific to the nation's__________, and harm the immobile factors specific to the nation's________. ( )
A. export commodities or sectors, export commodities or sectors
B. import-competing commodities or sectors, export commodities or sectors
C. import-competing commodities or sectors, import-competing commodities or sectors.
D. export commodities or sectors, import-competing commodities or sectors.
5. With the entire industry output expansion comes the reduction in each firm's average costs of production. This is a reflection of ( ).
A. Economies of scale B. External economies.
C. Internal economies. D. Increasing returns to scale
6. The reduction in each firm’s average costs of production as entire industry output expands is called ( )
A. economies of scale B. external economies
C. increasing returns to scale D. overlapping demands
7. The ( ) is expressed as a fixed percentage of the value of the traded commodity.
A. ad valorem tariff B. specific tariff C. compound tariff D. import tariff
8. When t is 40 percent, aiis 0.5, and tiis 40 percent, the rate of effective production is ( ).
A. 40% B.30% C.20% D.10%
9. The continuous tendency of a domestic monopolist to maximize total profits by selling the commodity at a higher price in the domestic market than abroad is called ( )
A. Sporadic dumping B. Predatory dumping
C. Persistent dumping D. Export subsidies
10. Which is the most advanced type of economic integration? ( )
A.free trade area B. customs union
C. common market D. economic union
11. Taking the index of export prices, import prices, volume of exports, and productivity in the export sector in a developing nation to be all equal to 100 in 1980, in 2000 what would be the commodity terms of trade of this nation if the index of its export prices rises by 10 percent but the index of its import prices rises by 20 percent? ( )
A. 91.7 B. 93.6 C. 83.3 D. 103.2
12. The basic motive for international portfolio investment is ( ).
A. risk diversification
B. to achieve a balanced portfolio
C. to earn higher returns abroad
D. to obtain control of a needed raw material
13. Suppose after the formation of the Europe Union, the British switched to the import of cheese from Irish that was a high-cost producer of cheese, rather than purchased from New Zealand where cheese was cheaper. This is, to some extent, a reflection of ( ).
A. trade creation B. trade diversion
C. government's intervention in the cheese market D. common sense
14. ( ) are for the hygienic production and packaging of imported food products.
A. Safety regulations. B. Health regulations.
C. Labeling requirements. D. Technological requirements
15. What limits imports to the specified level with certainty? ( )
A. import tariff. B. import quotas.
C. technical regulations D. procurement policies
16. What is the basis for beggar-thy-neighbor argument? ( )
A. Factor Endowments. B. Comparative advantage.
C. Protectionism. D. Strategic trade policy
17. Intra-industry trade is most common between ( ).
A. similar countries that produce homogeneous goods.
B. countries with different production technologies.
C. countries with very different factor abundance.
D. industrial countries in Western Europe.
18. Economists have called the tendency of a nation’s trade balance to first deteriorate before improving as a result of a devaluation or depreciation in the nation’s currency the ( ).
A. Marshall-Lerner condition B. relative PPP theory
C. J-Curve effect D. PPP theory
19. ( ) consists of the active working balances held for the purpose of making business payments as they become due.
A. transaction demand for money B. speculative demand for money
C. internal balance D. external balance
20. From the point of view of the world as a whole, international labor migration increases the efficiency in the allocation of labor resources internationally and as a result the world output and welfare ( ).
A. increases
B. decreases
C. remains unchanged
D. depends on the relative strength of economic costs against economic benefits of international labor migration
III.Briefly expound your understanding of the following questions (two questions, total points are 20, each is worth 10 points)
1. Please expound the product cycle model.
2. What are the dynamic benefits from customs unions?
Ⅳ. Calculation (one question, 10 points)
Given C=100+0.8Y, M=150+0.2Y, I=100, And X=350:
(a) Determine YEalgebraically.
(b) Show the determination of YEgraphically.
V. Give explanations according to the figure (one question, 10 points)
